OTHER NEWS - March 15, 1996

SEC Market-Regulation Official Quits: Jonathan Kallman became the fifth agency official to resign in the last four months. The Securities and Exchange Commission market-regulation specialist helped shorten the settlement cycle on stock and municipal-bond transactions to three days from five, and worked with private-sector lawyers to modernize rules for financing securities transactions. Kallman, a 16-year SEC veteran, said his resignation is unrelated to the departure of the four other officials. Phil Parker, a deputy general counsel, resigned earlier this week. Other officials leaving the agency recently were corporation-finance chief Linda Quinn, and Simon Lorne and Brandon Becker, who quit as general counsel and market-regulation chief, respectively, in November.